Report: Apple Could Launch a Car Between 2023 and 2025
Feeling a lack of enthusiasm for Apple's new products recently? Requite the Cupertino tech giant another five to seven years, and it could introduce something totally new: a car.
In a new investors note, analyst Ming-Chi Kuo of TF International Securities predicts that the rumored Apple Car volition make its debut betwixt 2023 and 2025, co-ordinate to MacRumors, and go the trillion-dollar company's "next star product."
"The reasons for this are as follows: (ane) Potentially huge replacement demands are emerging in the car sector because information technology is being redefined by new technologies," Kuo writes. "The instance is the same as the smartphone sector 10 years ago; (2) Apple tree's leading engineering advantages (e.grand. AR) would redefine cars and differentiate Apple tree Car from peers' products; (3) Apple'south service will grow significantly past inbound the huge auto finance market via Apple Car, and (iv) Apple can exercise a ameliorate integration of hardware, software, and service than current competitors in the consumer electronics sector and potential competitors in the auto sector."
The prediction follows a contempo revelation that Apple has rehired Tesla's Senior VP of Engineering, Doug Field. The engineer previously worked for Apple every bit a product designer and VP of Mac hardware engineering before joining Tesla, where he has spent the final five years overseeing engineering, with a particular focus on the Model 3. Now he's back at Apple as part of the company's car attempt, dubbed Projection Titan.
Rumors well-nigh a self-driving electric Apple tree Automobile have been circulating for years, but word spread in late 2022 that Apple had "drastically scaled back" its auto team, shifting its focus to creating software rather than an bodily vehicle. Apple hasn't made whatever promises about whether it volition release a self-driving car in the future, only CEO Tim Melt last year acknowledged that the company is working on the brains of one, which he referred to as "the mother of all AI projects."
"I call up in that location is a major disruption looming in that location," Melt said at the time. "Not only for cocky-driving cars, but besides the electrification piece."
(Prototype courtesy of Design by Meni Tsibas; discover him on YouTube.)
Nearly Angela Moscaritolo
Source: https://sea.pcmag.com/2017-chrysler-pacifica/28897/report-apple-could-launch-a-car-between-2023-and-2025
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